GWH vs. NRGV
GWH (ESS Tech, Inc.) and NRGV (Energy Vault Holdings, Inc.) are both stocks. GWH operates in Electrical Equipment & Parts (Industrials), while NRGV operates in Utilities - Renewable (Utilities). Over the past 3 years, GWH returned -69.92%/yr vs -5.06%/yr for NRGV. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
GWH vs. NRGV - Performance Comparison
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Returns By Period
In the year-to-date period, GWH achieves a -60.27% return, which is significantly lower than NRGV's -38.18% return.
GWH
- 1D
- -1.53%
- 1M
- -13.44%
- 6M
- -57.31%
- YTD
- -60.27%
- 1Y
- -56.32%
- 3Y*
- -69.92%
- 5Y*
- -65.34%
- 10Y*
- —
- ALL TIME*
- -61.55%
NRGV
- 1D
- 0.71%
- 1M
- -29.46%
- 6M
- -39.36%
- YTD
- -38.18%
- 1Y
- 171.43%
- 3Y*
- -5.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $579.06K | $560.59K | $768.83K | |
| $12.02M | $14.40M | $24.49M |
GWH vs. NRGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GWH ESS Tech, Inc. | -60.27% | -68.03% | -65.61% | -53.09% | -50.91% |
NRGV Energy Vault Holdings, Inc. | -38.18% | 102.19% | -2.15% | -25.32% | -72.87% |
Correlation
The correlation between GWH and NRGV is 0.20, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2022 | 0.31 |
The correlation between GWH and NRGV shifts across timeframes, from 0.20 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
GWH:
$9.41M
NRGV:
$516.53M
GWH:
-$2.15
NRGV:
-$0.69
GWH:
14.19
NRGV:
2.20
GWH:
2.32
NRGV:
16.08
GWH:
$1.11M
NRGV:
$217.02M
GWH:
-$32.30M
NRGV:
$47.90M
GWH:
-$47.24M
NRGV:
-$75.37M
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Return for Risk
GWH vs. NRGV — Risk / Return Rank
GWH
NRGV
GWH vs. NRGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ESS Tech, Inc. (GWH) and Energy Vault Holdings, Inc. (NRGV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GWH | NRGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.26 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 2.43 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.83 | 5.11 | -5.94 |
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Drawdowns
GWH vs. NRGV - Drawdown Comparison
The maximum GWH drawdown since its inception was -99.80%, roughly equal to the maximum NRGV drawdown of -97.09%. Use the drawdown chart below to compare losses from any high point for GWH and NRGV.
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Drawdown Indicators
| GWH | NRGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -97.09% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -92.10% | -61.33% | -30.77% |
Max Drawdown (3Y)Largest decline over 3 years | -97.61% | -80.68% | -16.93% |
Max Drawdown (5Y)Largest decline over 5 years | -99.80% | — | — |
Current DrawdownCurrent decline from peak | -99.79% | -86.83% | -12.96% |
Average DrawdownAverage peak-to-trough decline | -79.36% | -82.74% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.11% | 29.06% | +44.05% |
Volatility
GWH vs. NRGV - Volatility Comparison
ESS Tech, Inc. (GWH) has a higher volatility of 33.80% compared to Energy Vault Holdings, Inc. (NRGV) at 31.52%. This indicates that GWH's price experiences larger fluctuations and is considered to be riskier than NRGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWH | NRGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.80% | 31.52% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 74.53% | 77.19% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 215.17% | 106.17% | +109.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.61% | 113.49% | +41.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 146.43% | 113.49% | +32.94% |
Dividends
GWH vs. NRGV - Dividend Comparison
Neither GWH nor NRGV has paid dividends to shareholders.
Financials
GWH vs. NRGV - Financials Comparison
This section allows you to compare key financial metrics between ESS Tech, Inc. and Energy Vault Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
GWH and NRGV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GWH has higher volatility (33.80%) compared to NRGV (31.52%). In terms of maximum drawdown, GWH dropped -99.80% vs NRGV's -97.09%.
NRGV currently has the higher Sharpe Ratio (1.40 vs -0.28), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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